Bahrain: Plastic Box Market 2024

Plastic Box Market Size in Bahrain

The Bahraini plastic box market amounted to $X in 2022, remaining constant against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plastic Box Production in Bahrain

In value terms, plastic box production reached $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +13.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 62% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Plastic Box Exports

Exports from Bahrain

In 2022, approx. X tons of plastic boxes, cases, crates and similar packing articles were exported from Bahrain; rising by 61% against 2021. Overall, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 327%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plastic box exports expanded to $X in 2022. Over the period under review, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 592%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for plastic box exports from Bahrain, with a 75% share of total exports. Moreover, plastic box exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+45.7% per year) and the United Arab Emirates (-2.2% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for plastic boxes, cases, crates and similar packing articles exports from Bahrain, comprising 59% of total exports. The second position in the ranking was held by Oman ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+36.4% per year) and the United Arab Emirates (-2.4% per year).

Export Prices by Country

In 2022, the average plastic box export price amounted to $X per ton, which is down by -36% against the previous year. Over the period under review, the export price recorded a noticeable slump. The growth pace was the most rapid in 2016 when the average export price increased by 66%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-0.2%), while the prices for the other major destinations experienced a decline.

Plastic Box Imports

Imports into Bahrain

In 2022, approx. X tons of plastic boxes, cases, crates and similar packing articles were imported into Bahrain; growing by 6.6% on the previous year's figure. Overall, imports, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2018 with an increase of 54%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic box imports declined to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 43% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of plastic box to Bahrain, accounting for a 34% share of total imports. Moreover, plastic box imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.7% per year) and Turkey (+19.2% per year).

In value terms, the largest plastic box suppliers to Bahrain were Saudi Arabia ($X), Turkey ($X) and China ($X), with a combined 62% share of total imports. The United Arab Emirates, India, Sweden, South Korea and Kuwait lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, South Korea, with a CAGR of +60.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plastic box import price amounted to $X per ton, declining by -12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform